Weeks ahead will test retailers’ lofty expectations

Shoppers ascend and descend an escalator at Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark McKella | Reuters Is it starting to look a lot like Christmas? Probably not, this year. With 24 days into the big holiday, retailers are hoping consumers will keep spending. Shoppers started buying holiday gifts early … Read more

Stage set for bigger beauty sales at Target, Kohl’s

A Sephora store inside a Kohl’s store, and an Ulta Beauty store inside a Target store. Source: Kohl’s; targeting Beauty has always been a big holiday category, but this year it’s expected to be even bigger. Shoppers aren’t just looking for perfumes or candles to give to family and friends. They are eager to replenish … Read more

Walmart’s longtime Chief Financial Officer Brett Biggs is leaving company

An exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its fourth-quarter profit rise as e-commerce sales surged during the coronavirus pandemic. View Click | Corbis News | Getty Images The retailer announced on Monday that Walmart’s longtime chief financial officer Brett Bigs is leaving the company. … Read more

Sticker shock could change retailers’ approach to sales

Shoppers look at Macy’s Black Friday specials in Maumee, Ohio, November 27, 2020. Stephen Zenner | SOPA photos | Light Rocket | Getty Images Keith Fitzgerald has gone to great lengths this holiday season to make sure he gets the perfect gift. Fitzgerald, a 40-year-old hairdresser, searched online and in stores for a special edition … Read more

Macy’s, Kohl’s raise prices to protect profits. Investors see that as a win.

A shopper visits a Macy’s flagship store in New York, May 20, 2021. Eduardo Munoz | Reuters A round of major retail earnings this week exposed a stark divide in the industry between retailers trying to keep prices low for customers amid rising inflation, and those able to pass on costs to shoppers this holiday … Read more

Walmart and Target clash with investors over low-price strategy

Walmart and Target delivered a solid third quarter performance this week, beating Wall Street expectations and talking about holiday shoppers already starting to splurge on gifts and gatherings this season. However, investors’ response was swift: a brutal sell-off. Target stocks fell about 5% Wednesday. Walmart closed 3% lower on Tuesday, after its earnings report. Shares … Read more

Target (TGT) Q3 2021 earnings beat

Target stocks fell on Wednesday, as the major retailer chose to emphasize its focus on value as prices for groceries, fuels and other commodities soared. The stock fell more than 5% early Wednesday, despite beating earnings expectations for the fiscal third quarter. Target CEO Brian Cornell said on a call with reporters that the company … Read more

Walmart says it’s ready for holidays, but hasn’t seen huge wave of shoppers

Jonathan Marie fixed the sign that says there are 30 more days until Christmas at a Walmart store in Miami, Florida. Joe Riddell / Getty Images Retailers are betting on fears that stocks are running out and shipping delays will inspire people to go to the mall, stores and websites and hunt for gifts earlier … Read more

Walmart (WMT) earnings Q3 2022

A shopper carries a bag outside a Walmart store in San Leandro, California, on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Walmart will report its financial earnings for the third quarter before Tuesday. The retail giant is expected to provide clues about how the holiday season is shaping up. Here’s … Read more

Baby boom ahead, Bank of America says. That’s good news for these stocks

A woman wears a face mask while shopping for a baby shower gift during the Covid-19 pandemic, at the Madison Niche store in Huntington, New York on April 21, 2021. Alejandra Villa Luarca | Newsday | Getty Images A baby boom fueled by millennials is on its way and could boost sales for retailers, including … Read more